North East liquidation levels rocket as rising costs bite, new figures reveal – Business Live
North East liquidation levels rocket as rising costs bite, new figures reveal Business Live Read the original article here
Karnataka High Court quashes sale of UB City unit, orders its auction – Deccan Herald
Karnataka High Court quashes sale of UB City unit, orders its auction Deccan Herald Read the original article here
Company behind one of Scotland’s largest dental groups…
THE parent company behind one of Scotland’s largest dental groups has entered liquidation, it has been announced. Beatty Topco Limited, whose registered office is in Leeds, is the parent company of Clyde Dental Practice Ltd and Clyde Munro Group Limited, which operate 65 dental practices across Scotland. It was announced on Monday that Investec Bank’s private…
Founder warns PE model flawed as Clyde Munro parent enters liquidation under BDO administrators
Clive Schmulian – Founder of Clyde Dental Practice Beatty Topco Limited, the holding company for major Scottish dental organisation Clyde Munro Group Limited and Clyde Dental Practice Ltd, has entered voluntary liquidation with BDO appointed as administrators. Despite the financial collapse, patient care will remain uninterrupted, with the 65-practice network across Scotland continuing to operate…
March 2025 | PDF print issue archive
Cracking the code Despite negatives, the IBC’s processes have matured Prominent voices such as the former governor of the Reserve Bank of India (RBI), Shaktikanta Das, have raised concerns about the long delays and low recoveries in the corporate insolvency resolution process (CIRP) and called for changes. Despite more resolution plans seeing approval, the average…
Third Parties Who Sold Land To Corporate Debtor Cannot Be Held Liable U/S 66 Of IBC: NCLT New Delhi
The National Company Law Tribunal (NCLT), New Delhi bench of Justice Ashok Kumar Bhardwaj (Judicial Member) and Anil Raj Chellan (Technical Member) has held that third parties who sold land to the Corporate Debtor cannot be said to fall within the ambit of expression “any persons who were knowingly parties to the carrying on the…
Darren Campbell: Controversial ‘brand builder’ shuts down company and enters liquidation – MSN
Darren Campbell: Controversial ‘brand builder’ shuts down company and enters liquidation MSN Read the original article here
Controversial ‘brand builder’ shuts down company and enters liquidation – The Irish News
The owner of a controversial ‘brand building’ company facing a civil lawsuit from former clients says the firm has shut down with immediate effect and gone into liquidation. Ballymena entrepreneur Darren Campbell from the FBA Brand Builder issued the update on social media on Monday where he said he had “lost everything” and “couldn’t afford…
Accepting OTS Payments While Simultaneously Pursuing CIRP Proceedings Is An Attempt To Use IBC For Debt Recovery: NCLT Mumbai
The National Company Law Tribunal (NCLT), Mumbai bench comprising Ms. Reeta Kohli, Member (Judicial) and Ms. Madhu Sinha, Hon’ble Member (Technical) has held that the conduct of the Financial Creditor in accepting substantial ‘one-time settlement’ (OTS) payments while simultaneously pursuing Corporate Insolvency Resolution Process (“CIRP”) proceedings represents an attempt to use the Insolvency and Bankruptcy…
Collingwood’s Molly Rose Brewing Has Entered Liquidation
Molly Rose Brewing, the Hot-Listed Collingwood bar and brewing company, went into liquidation this morning. Nic Sandery, who founded the company in 2017, announced the news via an Instagram post. “A combination of rapidly increasing costs of operations and a reduction in consumer sentiment have made our financial situation untenable and after exploring every possible…